The Daily Dab: A Quick Hit On Cannabis Stocks 03/03/14

Cannabis stocks were mixed, with most of the sector giving up ground again.  There were 6 double-digit percentage gainers and 10 double-digit percentage losers, with only 40% of the group in the green.  Stocks with volume above the 30-day average held steady at  30%, with 7 stocks trading over $5mm in value.  

Cannabis Stocks:  February Review

Petrotech Oil & Gas (PTOG) broke to new recent highs as volume picked up.  mCig (MCIG) burst to a new high too as volume fell but was almost 200% of the 30-day average.  Vape Holdings (VAPE) surged following the revision to the HIVE Ceramics transaction.  Cara Therapeutics (CARA) posted a new high again as volume receded, though it was the second most active name.  

Creative Edge Nutrition (FITX) sank after revealing that the GNC deal fell through, closing at the lows of the day as volume slipped slightly.  Tranzbyte (ERBB) fell for the fifth consecutive day, with volume picking up.    Hemp, Inc. (HEMP) broke recent support levels, closing near the low. with volume accelerating.

Press Releases:

• GRNH
• MDBX
• PRPM
• TAUG
• VAPE

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